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FTT News: Sam Bankman-Fried's Sudden 'Gm' Lifts FTT Token Drawing Crypto Community Ire

Summary by Coin Desk
"What": a simple reply by crypto influencer Gainzy pretty much summed up the sentiment when the notorious convicted fraudster Sam Bankman-Fried, or SBF, seemingly posted on social media after a long hiatus (and despite being in jail). To make matters worse, the token linked to defunct crypto exchange FTX surged nearly 24% in the last 24 hours, after his X account posted a simple "gm" on Tuesday. This simple post seems to have been taken as an op…

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A simple “gm” from Bankman-Fried’s X account was enough to trigger the price of FTT almost 50% on Tuesday. Despite baseless speculative action, it still maintains a daily gain of more than 20%. *** The FTT token skyrocketed price after a simple message in Bankman-Fried’s X. “gm,” wrote the account, even though the founder of FTX is in prison. The gesture was enough to shoot FTT more than 45% and provoke anger in the community. In a few days, FTX…

Key points of the News FTX Token (FTT) rose 60% after a post of "gm" from Sam Bankman-Fried's X account, reaching a maximum intraday of $1.21. The rebound occurred along with the demand of $1.15 billion of FTX Recovery Trust against Genesis Digital Assets. Despite not having any utility, FTT continues to attract speculation while planning a payment of $1.6 billion to creditors. FTX Token (FTT), the token of the collapsed exchange FTX, had a dram…

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decrypt.co broke the news in New York, United States on Wednesday, September 24, 2025.
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